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Alpha Corporation is a retail company. They provided you with the following information for the fiscal year ending December 31, 2023: Sales Revenue: $800,000 Cost
Alpha Corporation is a retail company. They provided you with the following information for the fiscal year ending December 31, 2023:
- Sales Revenue: $800,000
- Cost of Goods Sold: $400,000
- Rent Expense: $60,000
- Utilities Expense: $20,000
- Salaries Expense: $200,000
- Depreciation Expense: $30,000
Calculate Alpha Corporation's Net Income and prepare an Income Statement for the fiscal year ending December 31, 2023.
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